The Real Use Case for CBDCs: Dethroning the Dollar
Central bank digital currencies will revolutionize how companies settle international trade and reduce the need for greenbacks in the world economy, says Michael Casey.
Threads is Libra and Meta All Over Again
With his Twitter clone’s decentralized architecture, Mark Zuckerberg is yet again borrowing from crypto’s best ideas. Third time’s the charm?
Collectors Are Bored of Apes and Don’t Want to Pay Royalties
This week, the floor price of the Bored Ape Yacht Club NFT collection dropped to its lowest price in nearly two years, leading to questions about the collection’s value. But floor price is just one metric used to value NFTs – experts explain that there are other important factors in assessing what an NFT is worth.
Polygon Labs Promotes Boiron to CEO; President Wyatt to Depart
The management changes come as Polygon, which runs two of the most closely watched networks for scaling Ethereum transactions, is in the midst of a rebrand to the next chapter of its corporate development, known as “Polygon 2.0.”
Gemini Sues Digital Currency Group and Founder Barry Silbert Alleging ‘Fraud’
Gemini and its founders sued Digital Currency Group on Friday alleging that it incurred losses due to DCG’s “false, misleading and incomplete representations” tied to DCG subsidiary Genesis’ work with Gemini on the crypto company’s Earn product.
U.S. Added 209K Jobs in June, Missing Expectations for 230K
The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%.
Avail, Spun Out of Polygon, Launches Data Attestation Bridge to Ethereum
The move represents a step forward in Avail’s plan to help secondary networks in the Ethereum ecosystem to speed up their processing – by giving them an alternate way to store the data, and verify its existence and availability, besides storing it on the main blockchain.
BOND Token Slumps 10% as BarnBridge Faces SEC Investigation
“All work on BarnBridge-related products should stop,” an appointed legal counsel said in a Discord message viewed by CoinDesk.
Exploit of Fantom, Moonriver and Dogechain Crypto Bridges Confirmed by Multichain Team
“It is recommended that all users suspend the use of Multichain services and revoke all contract approvals related to Multichain,” developers said early Friday.
Bitcoin Retakes $30K, Asian Stocks Hit 5-Week Low Ahead of U.S. Jobs Report
The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.